|Min. Deposit||100 $|
|Leverage||1:1, 10:1, 50:1, 100:1, 200:1, 500:1|
|Trade Lot||0.01, 0.1, 1|
|Digits after the dot||5|
|Trading instruments||Forex, Metals, Indices, Stocks, Commodities, CFDs, Crypto|
|Credit Card, Wire transfer, Crypto|
|Accept US traders|
Launched in 2020, LonghornFX is an ECN STP broker dedicated to providing traders of all levels with a superior trading experience. When comparing LonghornFX to other brokers, the sheer innovative and forward-facing approach that the company has taken is one of their primary advantages.
Transparency, innovation and efficiency are the core principles that this company is based on. In this review, we’ll take you through all the features of the broker and online platform, which will be beneficial to learn more about the broker before creating a free account. Read on to learn more about LonghornFX:
LonghornFX is an Online Broker operated by Longhorn LLC, which is located at the following address: First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent, and the Grenadines. The company is also regulated by the regulating authority of St Vincent and the Grenadines.
LonghornFX offers an impressive variety of assets to trade on, ranging from Forex, to Crypto, to Stocks, to Indices and to Commodities. This gives traders the opportunity to trade their preferred assets simultaneously, as well as to try their hand at trading on new markets. Clients can view multiple trading charts at the same time via the trading platform which the company uses, MetaTrader 4.
The full list of assets available on LonghornFX can be viewed on the company’s website.
There are over 160 tradable assets, including:
The leverage settings for each instrument varies as follows: Forex – 1:500, Metals – 1:500, Indices – 1:200, Energy – 1:200, Crypto – 1:100, Stocks – 1:20.
This broker is perfect for traders who seek a trustworthy, low-cost and straightforward trading environment with portfolio diversification opportunities, allowing trades for many instruments which most of the forex brokers do not allow.
As an ECN broker, LonghornFX provides traders with rapid and direct access to global markets, with Straight-through Processing.
The broker makes use of the MetaTrader 4, an acclaimed trading platform that is very easy to use and traders of every level can use it to enjoy a first-class trading experience. Moreover, this platform is available to download on every device and has both an IOS and android version, which are available in more than 20 languages. If one wants to avoid downloading, an online version is also available on the WebTrader on desktop.
The MT4 WebTrader is similar to the android and iOS MT4 apps, where all types of order execution and timeframes are available. There are also some built-in indicators that traders may apply to help analyse their charts. The MT4 App does not support custom-made indicators and EAs, however.
Among the most important features of the LonghornFX MT4 Platform are:
LonghornFX uses cryptocurrencies as a primary payment method, making their deposits and withdrawals fast, safe and transparent. The processing times for Bitcoin deposits depends on blockchain traffic, but all withdrawals will be processed within the same day of the request.
Bitcoin transactions are by far the quickest way for clients to deposit and withdraw funds, eliminating all unnecessary waiting times. Clients also have the option to deposit funds from a Credit or Debit Card, via the company’s regulated third-party payment provider.
LonghornFX offers Live and Demo accounts via the MT4 Platform. Through a live account, trading is simplified by allowing multiple trades through a single account, where multiple instruments can be purchased and sold. Demo accounts contain features that are identical to the live accounts’, so traders can practise trading in a real trading environment. This broker allows the opening of multiple trading accounts so that traders can distinguish between their trades in different accounts.
Some other features of LonghornFX are:
LonghornFX offers 24/7 Customer Support via three methods: Email, Web Chat or Phone. Clients can contact the customer support team directly through their website, and an agent will respond shortly. Alternatively, clients may send an email to LonghornFX explaining their query to email@example.com, or request a phone call at a specified time.
In the FAQ section of LonghornFX, there is much-required information provided for traders, giving the opportunity for traders to become familiar and learn about the following categories:
The LonghornFX website (www.longhornfx.com) boasts an aesthetically-pleasing design and is easy to navigate. The website contains all the information necessary for traders to successfully set up an account and start trading. The site also includes guides on how to deposit funds using Bitcoin or a Credit/Debit Card, as well as articles covering the fundamentals of Forex trading, Leverage, and using MT4.
The broker offers a straightforward and hassle-free setup, transparent trading, and an enormous number of trading instruments that might help traders expand their trading portfolios.
Additionally, the cold storage system ensures the safety of cryptocurrencies invested with this broker, which is a significant advantage for all traders. The extensive variety of assets available to trade and the high leverage settings are two major pulling factors. Finally, the 24/7 Crypto trading paired with 24/7 Support gives traders the exclusive chance to trade Cryptocurrencies over the weekend, when all other markets are closed.